6 Top Tips to Cut Car Insurance Costs in Montgomery, IN
Are you intimidated by the crazy number of car insurance company choices in Montgomery? Lot's of other consumers are too. You have so many choices that it can turn into more work than you anticipated to locate the lowest price.
It's important to do rate comparisons every six months since rates are constantly changing. Just because you found the best price last year there is a good chance you can find better rates now. Ignore everything you know about car insurance because you're about to learn the quickest way to eliminate unnecessary coverages and save money.
Compare Quotes for Montgomery Car Insurance
All major car insurance companies allow you to get pricing online. Getting quotes is pretty easy as you simply enter the coverages you want as detailed in the form. After the form is submitted, their rating system will obtain reports for credit and driving violations and returns pricing information.
This makes comparing rates easy, but the time it takes to visit multiple sites and complete many quote forms is repetitive and time-consuming. But it's very important to do this in order to find better car insurance pricing.
The preferred way to lower your rates is to use a quote form that analyzes rates from a bunch of companies at once. The form is fast, helps eliminate reptitive entry, and makes quoting online much more efficient. After sending your information, it is rated with multiple companies and you can pick any or none of the resulting price quotes.
If you find a better price you simply finish the application and buy the new coverage. The entire process takes 15 minutes at the most and could lower your rates considerably.
To find out what other companies charge, click here to open in new window and begin entering your coverage information. If you currently have coverage, we recommend you input your coverages exactly as shown on your declarations page. This makes sure you will receive a rate comparison for the exact same coverage.
These six discounts can lower your rates
Car insurance can cost a lot, but you may find discounts that you may not know about. Certain discounts will be applied when you get a quote, but a few need to be asked for before you will receive the discount. If you don't get every credit possible, you are paying more than you should be.
- Discount for Good Grades - This discount can get you a discount of up to 25%. This discount can apply up until you turn 25.
- Organization Discounts - Belonging to a professional or civic organization may earn a discount on your policy.
- Multiple Cars - Buying coverage for all your vehicles with the same company can get a discount on all vehicles.
- Anti-lock Brakes - Vehicles equipped with ABS or steering control can avoid accidents and therefore earn up to a 10% discount.
- 55 and Retired - If you're over the age of 55, you may receive reduced rates.
- Discount for Swiching Early - Some companies give discounts for switching to them prior to your current policy expiration. The savings is around 10%.
It's important to note that some of the credits will not apply to all coverage premiums. Some only apply to specific coverage prices like medical payments or collision. Even though it may seem like all the discounts add up to a free policy, you're out of luck. But any discount will help reduce the cost of coverage.
To choose providers with discount car insurance rates in Indiana, click here.
Are you falling for claims of savings?
Consumers can't ignore all the ads that promise big savings by companies like State Farm and Allstate. All the ads have a common claim that you can save if you change to them.
But how can every company make the same claim? It's all in the numbers.
All companies are able to cherry pick for the type of driver that makes them money. For example, a preferred risk could be between the ages of 30 and 50, has no driving citations, and has great credit. Any new insured that hits that "sweet spot" will qualify for the lowest rates and as a result will probably save a lot of money.
Drivers who are not a match for this ideal profile will be charged higher premiums and this can result in business going elsewhere. The ad wording is "customers who switch" not "everybody who quotes" save money. That's the way insurance companies can advertise the savings.
That is why you need to get quotes from several different companies. It's just too difficult to predict which car insurance company will give you the biggest savings.
More information can be found on the Indiana Department of Insurance website found here. Consumers can file complaints about a company, find out which companies have the most complaints, and report car insurance fraud.
Other informative sites include NAIC.org's Understanding your Policy and this directory of insurance agents in Montgomery Indiana.
In the end, you save
You just learned a lot of techniques to compare car insurance prices online. It's most important to understand that the more you quote, the better your chances of lowering your rates. You may be surprised to find that the lowest rates come from some of the smallest insurance companies.
Lower-priced car insurance can be sourced from both online companies and with local Montgomery insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. There are still a few companies who do not offer online price quotes and many times these regional insurance providers only sell through independent insurance agents.
As you prepare to switch companies, do not reduce coverage to reduce premium. There have been many cases where someone sacrificed physical damage coverage only to regret at claim time that the small savings ended up costing them much more. Your goal should be to get the best coverage possible at the best price, not the least amount of coverage.
